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The Times reports that Blackstone has bought 44% of Leica for £106million. They believe they can double the size of their market by going into untapped Asian markets, especially China. The owner of Leica, Andreas Kaufman deliberately looked for a partner who could help Leica expand globally.
This focus on expanding the market suggests to me that Leica are feeling the pinch after their rescue earlier by Kaufman. I wonder if they have considered coming a bit down-market also?
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Not sure about downmarket, but I reckon they could drop their prices to appeal to more people.
Seeing as how a lot of their products are Panasonic cameras with a different badge...
Quote: They believe they can double the size of their market by going into untapped Asian markets
And they will.
The untapped Asian market..............................is that the place where they get cheap camera equipment and are always trying to sell it to us?
In the land of cut-price cameras, really expensive equipment will find a ready market. The Chinese already buy a lot of Rolls-Royce and Jaguar cars.
There are about 1300 million of them and they're getting richer by the day. They have to something with their 2,000 billion foreign currence reserves.
As a comparison @ 60% of BMW profit comes from selling cars to China, only 15% of its market. In that light a premium Leica could well sell in China.
Indeed. The idea that all Chinese spend their days in the paddy fields is obselete. There are plenty of Chinese millionaires and multi-millionaires. China is one of Rolls-Royce's (owned by BMW) most important markets.
Leica will do well there.
I know the UK has tried to expand its exports to China, but it seems very low profile. Are there any British brands over there? Are there any British brands full stop? No that's unfair, but you know what i mean!
Twinings is doing well over there. And there is a company doing folding bikes. ARM have a lot of their designs being fabricated over there.
Leica`s sell well in China especially the expensive ones.
Quote: Twinings is doing well over there. And there is a company doing folding bikes. ARM have a lot of their designs being fabricated over there
And I also believe the Lonon cabie is as well and now sell all over the world.
Struggling a bit to find British names then? Pity isn't it as we used to do so well. Quite fancy the red/gold Leica special editition.
A few British names
Scottish and Newcastle
Tate & Lyle
British American Tobacco
Harland and Wolff
Wow! You've been hard at work. Of the names you list, many are foreign owned. For example:
Leyland Trucks are owned by PACCAR a US company
Cadbury is owned by Kraft themselves owned by General Foods
Sunseeker - Irish
Scottish and Newcastle - Heinekin/Carlsberg
I won't bore everyone with a full list! By producing that list, you imply you are proud of Britain and so am I. My point, prehaps too briefly made, was that true British industry is sadly lacking in foreign climes - at least very low profile compared to other countries which can't be good can it?
ps I apologise if I've made any errors during my quick google, but the point is made eh?
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